Becker Capital Management Inc. Raises Stock Position in Honeywell International Inc. $HON

Becker Capital Management Inc. raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.9% during the second quarter, Holdings Channel.com reports. The fund owned 83,460 shares of the conglomerate’s stock after buying an additional 4,617 shares during the period. Becker Capital Management Inc.’s holdings in Honeywell International were worth $19,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HON. Laurel Wealth Advisors LLC grew its holdings in Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Honeywell International by 8.9% in the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock valued at $3,335,476,000 after purchasing an additional 1,293,137 shares during the last quarter. Alliancebernstein L.P. lifted its position in Honeywell International by 64.6% in the first quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after buying an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC purchased a new stake in Honeywell International in the 1st quarter worth about $164,000. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Honeywell International during the 2nd quarter valued at $140,816,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HON shares. BNP Paribas Exane began coverage on Honeywell International in a report on Wednesday, December 3rd. They issued a “neutral” rating and a $195.00 price target for the company. Argus cut their price objective on shares of Honeywell International from $250.00 to $225.00 in a research report on Friday, November 14th. TD Cowen reduced their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Wells Fargo & Company dropped their target price on Honeywell International from $230.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Finally, Citigroup increased their price target on Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $236.65.

Honeywell International Trading Up 1.0%

Shares of NASDAQ:HON opened at $192.06 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.36 and a debt-to-equity ratio of 1.70. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $228.04. The stock has a market cap of $121.94 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.54 and a beta of 0.96. The business has a 50-day moving average price of $199.92 and a 200-day moving average price of $214.76.

Honeywell International (NASDAQ:HON) last issued its earnings results on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The firm had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS and its FY 2023 guidance at 9.100-9.200 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 14th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.5%. This is a boost from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Friday, November 14th. Honeywell International’s dividend payout ratio is 50.16%.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.